8th OPEC+ Ministerial Meeting to be held tomorrow

12:17 - 5.03.2020


March 5, Fineko/abc.az. The 8th meeting of the ministers of OPEC and non-OPEC countries is to be held in Vienna, and participation of Azerbaijani Energy Minister Parviz Shahbazov is expected in it.

ABC.AZ was informed on the occasion at the Ministry of Energy of Azerbaijan.

The sides will discuss the situation on the world oil market and consider the issue of making a decision on the level of production for the period after March.

On 6 December 2019 at the 7th meeting of the ministers of OPEC and non-OPEC countries a decision was made on daily oil production cuts on OPEC+ by another 500,000 barrels. In accord with the relevant agreement Azerbaijan's obligations have increased by another 7,000 barrels up to 27,000 barrels. The Declaration of Cooperation will expire at the end of March 2020.

 

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